Quantitative Systematic Strategies LLC purchased a new position in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 42,049 shares of the basic materials company’s stock, valued at approximately $119,000.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc increased its holdings in Turquoise Hill Resources by 29.9% in the 1st quarter. Legal & General Group Plc now owns 4,795,042 shares of the basic materials company’s stock worth $14,602,000 after purchasing an additional 1,104,350 shares in the last quarter. Unigestion Holding SA acquired a new position in Turquoise Hill Resources in the 2nd quarter worth about $2,414,000. Royal Bank of Canada increased its holdings in Turquoise Hill Resources by 12.7% in the 1st quarter. Royal Bank of Canada now owns 6,861,758 shares of the basic materials company’s stock worth $21,065,000 after purchasing an additional 771,839 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Turquoise Hill Resources by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,118,358 shares of the basic materials company’s stock worth $21,853,000 after purchasing an additional 666,204 shares in the last quarter. Finally, Tobam increased its holdings in Turquoise Hill Resources by 657.3% in the 2nd quarter. Tobam now owns 678,500 shares of the basic materials company’s stock worth $1,919,000 after purchasing an additional 588,900 shares in the last quarter. 34.94% of the stock is owned by institutional investors.

Separately, ValuEngine cut Turquoise Hill Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 5th.

NYSE TRQ opened at $2.41 on Wednesday. Turquoise Hill Resources Ltd has a 12 month low of $2.17 and a 12 month high of $3.59. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 12.79 and a beta of 0.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 5.12 and a current ratio of 5.61.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last released its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Turquoise Hill Resources had a return on equity of 4.61% and a net margin of 34.39%. The firm had revenue of $341.74 million for the quarter.

Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

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Institutional Ownership by Quarter for Turquoise Hill Resources (NYSE:TRQ)

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